Walmart abandons Somerville, Watertown plans

Walmart Stores Inc. said it is abandoning efforts to build a grocery market in Somerville and a Supercenter in Watertown, saying the projects no longer make financial sense for the world’s largest retailer.

“One of the primary deciding factors on any given site - whether it’s in an urban, suburban, or rural market - is that it makes sense from a business perspective and contributes to our bottom line,’’ said Walmart spokesman Steven Restivo. “In the case of the Somerville and Watertown sites, we made a business decision that the projected cost of investment would ultimately exceed our expected return.’’